OZL - Oz Minerals

[tech/a]

Why is it that most add to losing positions and rarely add to winning positions?

Your tying more and more money up in something which isnt having your money work for you.There is OPPORTUNITY cost.

Isnt it better to add to a position when analysis tells you it IS moving in the direction of your trade?

 

[nioka]

Another 1,083,248 shares for $3,102,406, an average of $2.86, on the preopen sales this morning. With a preopen quote of $1.29 that represents a loss of $1,551,083 if they are resold this morning at the preopen price.????????

 

[roland]

Why is it that most add to losing positions and rarely add to winning positions?

Your tying more and more money up in something which isnt having your money work for you.There is OPPORTUNITY cost.

Isnt it better to add to a position when analysis tells you it IS moving in the direction of your trade?

I sometimes have trouble understanding that myself. I guess it's a feeling of missing the boat to grab the lowest price - yes that's wrong.

It maybe some stubborness about not wanting to lose and thinking that bringing down the average reduces the perceived loss.

It may be that some just can't help but to want to trade, or looking for that ellusive mega bounce.

 

[oldblue]

Yes, it's hard to think of a situation where averaging down works to the extent of beating an approach which waits for an upturn in the trend. One would have to be extremely lucky to buy at the bottom and I, for one, never seem to have had that luck!

 

[LeeTV]

OZL is a dirty word around my house

 

[Nicks]

Why is it that most add to losing positions and rarely add to winning positions?

Your tying more and more money up in something which isnt having your money work for you.There is OPPORTUNITY cost.

Isnt it better to add to a position when analysis tells you it IS moving in the direction of your trade?

Yep. I hated selling my OZL at 1.82. Lost lots of money on it. Thought it was fair value at that price and was tempted to hold or buy more as it went down.

Well what can I say, having been around trading for a while now I have learnt the hard way, and learnt from others and the market. Seems I am now the wiser.

OZL is potentially worth even less than it is now, with low mine life and falling commodites prices, its only so long that it can uise along simply by the amount of cash they have in the bank (which will be getting chewed up quick dont you worry).

.... and I am still annoyed at how they tried shafting shareholders too look after Owen Hegarty - who is leaving the company. You take options on the understanding of what they are. You cant have it both ways.

 

[subi1]

Nicks

Interesting post.

What mine life do they have left on the mines they have?
1. Sepon
2. Golden Grove
3. Prominent Hill
4. Martabe
5. Century
6 Rosebury

and of course any of their other mines you may have researched.

Thanks in advance

 

[stargazer]

Hi all

Interesting what happens when the experts tip a buy. In the Adelaide (Sunday Mail page 77) OZL is a buy according to Michael Zollo.

My observation has been when it has been indicated as a buy the price has gone down. eg BPT buy 1.39 about 5 weeks ago.

Cheers
SG

 

[nioka]

The preopen buys/sells continue today but at lower volume than for the past few days, 538,978 for $1,767,429, an average of $3.28. The indicative opening price now shown at $1.365.

 

[nioka]

Good signs for OZL today with volume trading resulting in good gains on a market with the majority of stocks in the red. Maybe the bottom has been reached. At least it has made me happy with the trading choices made in the last few days.

 

[oldblue]

Probably a result of the company reporting today that it is buying shares on market re the DRP and employee share schemes.

 

[nioka]

Preopen sales of 311,721 shares for $1,053,630 today. A reduced number to that we have seen lately. An average of $3.38. If these sales keep tapering off there may be an improvement in the SP for OZL even on a bad market. The timing is bad for me as I traded my OZL for an increased number of MCR yesterday, hoping to trade back today. Today I need MCR to advance and OZL to retreat.

 

[gxshen]

Positive news!!!!
http://www.tradingmarkets.com/.site/news/Stock News/1883033/

The acutal value of OZL should be 3.8 to 4.4 according to the recent annoucement, which was valued by some independent experts.

 

[oldblue]

Positive news!!!!
http://www.tradingmarkets.com/.site/news/Stock News/1883033/

The acutal value of OZL should be 3.8 to 4.4 according to the recent annoucement, which was valued by some independent experts.

That was back in May, from memory.

A lot of water has gone under the bridge since then - and a lot of it was pretty dirty!

 

[nioka]

The number of preopen trades are reducing. Today 249615 for $812,133, an average of $3.25. What this will mean for the share price when these trades cease is open to speculation.

 

[nioka]

An increase in the number of preopen trades today. 1,093,738 for $3,059,308, an average of approx $2.80.Interest in the stock from buyers continues and why not at these prices.

 

[roland]

OZL's announcement today with the pullback on Zn production in favour of Cu highlights the advantage of being diversified and dynamic enough to shift the focus of operations.

If Zinifex by itself had of announced the same, then we all know where Zinifex's SP would be today.

 

[copnit]

The one bright spot in my portfolio has been the non capitulation of OZL in the last few days. Given the falls in base metals, do people think this is a strong support level for OZL? Thanks

 

[nioka]

Today's preopen trading; 1,135,776 for $3,868,387 an average price of $3.40 per share. This must be getting expensive for a lot of people by now. Good to see the price holding and getting away from the low. The indicative price suggests a further rise today.

 

[Ashsaege]

With OZL reducing it's Zinc and increasing it's Copper would this have several positive effects?

Reducing the production of zinc, would mean less supply of zinc, which would hopefully improve prices (would it make a tiny impact at all?)? which would then make OZL's left over zinc operations more profitable.

And with Copper being very profitable in the current market, an increase in supply may have a negative effect on copper prices, but it would still be very profitable.